Intech Investment Management LLC Sells 324,300 Shares of Fluor Corporation $FLR

Intech Investment Management LLC cut its position in Fluor Corporation (NYSE:FLR) by 70.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,371 shares of the construction company’s stock after selling 324,300 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Fluor worth $5,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC grew its stake in shares of Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after buying an additional 311 shares in the last quarter. Assetmark Inc. grew its stake in shares of Fluor by 249.0% in the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares in the last quarter. Banque Transatlantique SA grew its stake in shares of Fluor by 312.5% in the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock valued at $43,000 after buying an additional 625 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Fluor in the fourth quarter valued at $35,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FLR has been the subject of several analyst reports. DA Davidson raised their target price on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Truist Financial reissued a “buy” rating and issued a $57.00 target price (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Zacks Research cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Robert W. Baird lifted their price objective on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

Fluor Trading Down 0.0%

FLR stock opened at $45.75 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The company has a fifty day moving average price of $47.35 and a two-hundred day moving average price of $45.65. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.25.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Equities analysts anticipate that Fluor Corporation will post 2.69 EPS for the current year.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.